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CONSOLIDATED INTERIM BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 98 $ 259
Restricted cash 1 1
Accounts, notes and other receivables – net (Note 6) 736 808
Inventories – net (Note 8) 272 263
Other current assets 85 75
Total current assets 1,192 1,406
Investments and long-term receivables 11 29
Property, plant and equipment – net 438 477
Goodwill 193 193
Deferred income taxes 199 216
Other assets (Note 9) 196 206
Total assets 2,229 2,527
Current liabilities:    
Accounts payable 984 1,074
Current maturities of long-term debt (Note 14) 7 7
Accrued liabilities (Note 11) 283 293
Total current liabilities 1,274 1,374
Long-term debt (Note 14) 1,465 1,643
Deferred income taxes 24 27
Other liabilities (Note 12) 191 218
Total liabilities 2,954 3,262
COMMITMENTS AND CONTINGENCIES (Note 19)
EQUITY (DEFICIT)    
Common Stock, par value $0.001; 1,000,000,000 and 1,000,000,000 shares authorized, 240,783,003 and 238,543,624 issued and 220,720,522 and 238,249,056 outstanding as of June 30, 2024 and December 31, 2023, respectively 0 0
Additional paid–in capital 1,203 1,190
Retained deficit (1,792) (1,922)
Accumulated other comprehensive income (loss) (Note 17) 46 (3)
Treasury Stock, at cost; $20,062,481 and 0 shares as of June 30, 2024 and December 31, 2023, respectively (Note 15) (182) 0
Total deficit (725) (735)
Total liabilities and deficit $ 2,229 $ 2,527